Squawk Pod Uber CEO, Lazard CEO, & ‘Versant’ 5/7/25
May 7, 2025
Dara Khosrowshahi, CEO of Uber, and Peter Orszag, CEO of Lazard and former economic director under Obama, tackle pressing topics. Khosrowshahi highlights Uber's expansion plans and the competitive delivery landscape, including legal tussles with DoorDash. Orszag shares insights on U.S.-China trade negotiations and their economic implications. They also discuss cultural differences in service ratings, especially in New York, and the impact of geopolitical tensions on market dynamics, including healthcare implications and corporate identity shifts.
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China’s Stimulus Measures
- China’s central bank cut interest rates and reserve requirements to inject $138 billion liquidity.
- These measures aim to support key sectors like technology, real estate, and autos amid trade tensions.
Nuances of U.S.-China Trade Talks
- The U.S.-China trade talks in Switzerland aim for de-escalation, not a big trade deal immediately.
- Both sides see tariff reductions as necessary but have differing conditions and pressures.
Uber Challenges Delivery Practices
- Uber sued DoorDash over coercive tactics that limit restaurant and consumer choice.
- Uber advocates for an open market where merchants can deliver independently.